Noncontributory


Definition of "Noncontributory"

Employee benefit insurance plan under which an employer pays the entire direct cost of the plan; employees do not share in the cost, except perhaps through comparatively lower wages.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Pension Plan Funding: Group Deposit Administration Annuity

Pension plan funding instrument in which contributions paid by an employer are deposited to accumulate at interest. (These plans are usually noncontri ...

Vesting, Immediate

Employee's full entitlement, with no waiting period, to benefits under a pension or retirement plan. In the case of a contributory plan, there is imme ...

Individual Policy Pension Trust

Type of pension plan in which the employer (if noncontributory plan) or the employer and employee (if contributory plan) make level annual premium pay ...

Level Premium Group Annuity

Type of premium plan under which the employer (if noncontributory plan) or the employer and employee (if contributory plan) make level annual premium ...

Flexible Benefit Plan

Employee benefit plan that allows the employee to choose among several different benefits offered by the employer. In essence, the employee is provide ...

Environmental Impairment Liability (eil) Insurance

Coverage in the event that negligent acts and/or omissions by individual (s) and organization (s) result in damage to the environment and a liability ...

Popular Real Estate FAQ

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate? The Ugly Truth About Open Houses

FAQ

What is a lifetime rate cap? What is a gift letter? Do you have any tips to help me manage my investing? What do I need to know about Auto Insurance? How Much Will My Principal Be?